The Portuguese government has announced new
measures to support access to finance for the country’s ailing SME
base.
The initial credit line made available to
businesses is €750 million, but this figure could reach €2 billion
by the end of 2010, the Institute of Support to Small and Medium
Enterprises and Investment (IAPMEI) said.
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The measure will allow access to finance to
SMEs that previously had none, the institute said.
According to IAPMEI president Luis Filipe
Costa, “equipment leasing and real estate leasing are included in
the scheme”.
Of the initial €750 million, €250
million will be specifically directed to micro-sized and
small-sized firms.
Antonio Fabrizio
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